{"id":8430,"date":"2010-04-09T09:30:36","date_gmt":"2010-04-09T13:30:36","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8430"},"modified":"2010-04-09T09:30:36","modified_gmt":"2010-04-09T13:30:36","slug":"forex-technical-analysis-sp-500-trend-analysis","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/09\/forex-technical-analysis-sp-500-trend-analysis\/","title":{"rendered":"Forex Technical Analysis \u2013 S&#038;P 500 \u2013 Trend Analysis"},"content":{"rendered":"<p><strong>By Russell Glaser <\/strong>&#8211; The S&amp;P daily chart shows a strong trending environment that is  supported by numerous technical indicators. This presents traders with  an opportunity to trade in a trending environment, utilizing appropriate  strategies to enter and exit the market.<\/p>\n<p>The Forex Technical Analysis below shows  the daily chart for the S&amp;P 500. The daily displays a strong upward  sloping trend line that began in early February. Using a few technical  tools to profile, a trending environment will be apparent.<\/p>\n<p>The strong trending environment is shown by the ADX 14. The indicator  currently reads 53. Any reading above 40 indicates a strong trending  environment.<\/p>\n<p>Also shown is the 14-day Relative Strength Indicator. By drawing a  trend line underneath this indicator, it can help to identify the trend  and eventually serve as a signal as to when the trend is broken. One  signal of a broken trend occurs when the RSI breaks below its positive  sloping trend line.<\/p>\n<p>This trend is also supported by simple moving averages that are in a  perfect order, meaning the price action is above the 20-day, 50-day,  100-day, and 200-day in that order.<\/p>\n<p>Now that the trending environment has been identified, traders can  enter the market on a break of a key resistance line or wait for a  retracement to a Fibonacci level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/SandP.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/SandP.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex            Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and            may not be suitable for all investors. There is a possibility      that     you   could sustain a loss of all of your investment and      therefore  you     should  not invest money that you cannot afford to      lose. You  should  be    aware of  all the risks associated with   Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; The S&amp;P daily chart shows a strong trending environment that is supported by numerous technical indicators. This presents traders with an opportunity to trade in a trending environment, utilizing appropriate strategies to enter and exit the market. The Forex Technical Analysis below shows the daily chart for the S&amp;P 500. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/09\/forex-technical-analysis-sp-500-trend-analysis\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Technical Analysis \u2013 S&#038;P 500 \u2013 Trend Analysis&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8430","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8430"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8430\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}